China’s “re-commerce market” is predicted to reach RMB 1.25 trillion in 2020 as consumers shop for second-hand goods on online marketplaces.
TechNode spoke to the general manager at TusStar Ventures, which invested in second-hand marketplace Ponhu-Luxury in 2015.
The digital yuan is trialed again in Shenzhen, at ATMs and via a smart card. Crypto mining rig prices soared as Bitcoin hit the $41,000 mark.
The removal of Animal Crossing came just days after reports that Hong Kong protestors posted anti-government posters on the game’s simulator.
Its stock price closed at almost one-tenth the value of its $10.49 peak price in December.
Anne and her team at J Cap recently released a report accusing US-listed Chinese second-hand auto sales platform UXIN of fraud.
NFT market is also bustling with new projects in China. That may come as a surprise for people familiar with China’s strict crypto policy.
Recent floods have washed away remote Sichuan bitcoin mines, but small wildcat miners were already getting washed away by Big Bitcoin.
China’s internet industry is one of the most active across the globe and as a new report by Abacus, 500 startups, and South China Morning Post shows just why. The China Internet Report 2018 shows that China tech trinity Baidu, Tencent, and Alibaba, collectively known as “BAT”, are expanding their businesses to every corner, ranging from […]
Ant Group employees can use the Alipay app for digital yuan transactions in select locations, including the Lujiazui district in Shanghai.